Litecoin / Dollar may fall to 52.3 - 56.4

Our pivot point is at 70.9.

Our preference

Target 52.3.

Alternative scenario

Above 70.9, look for 77.8 and 82.0.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (66.5) but above its 50 period moving average (64.8).

Supports and resistances

82.0 **

77.8 *

70.9 **

68.1

65.4 last

56.4

52.3 **

48.2 *

44.1 **

Number of asterisks represents the strength of support and resistance levels.